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Jan 10, 2013
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some china data that was better than expectations. we are also watching gun stocks. as i told you, there has been a rally in gun stocks since the newtown massacre. why? there's been a run on guns. that rally fizzled yesterday as vice president biden and word from his office that, hey, maybe an executive order could be on the table. look at how the stocks went there? the gunmakers stocks fell. ruger down about 1%. smith & wesson dropped more than 2%, but still positive over the past five days. watching that fizzle. it's not just the gunmakers, we watched the retailers. the big major sporting retailers sell a lot of these guns. stocks like cabela's and dick's sporting goods fell about 1%. this made no move on walmart's stock, but walmart will be attending those meetings after initially saying a scheduling conflict prevented them from being there. another big story we're watching. new mortgage rules. the government coming out with rules for lenders. lenders have to write mortgages that people can pay back. >> novel idea. >> for the first time, i can't believe it's here.
some china data that was better than expectations. we are also watching gun stocks. as i told you, there has been a rally in gun stocks since the newtown massacre. why? there's been a run on guns. that rally fizzled yesterday as vice president biden and word from his office that, hey, maybe an executive order could be on the table. look at how the stocks went there? the gunmakers stocks fell. ruger down about 1%. smith & wesson dropped more than 2%, but still positive over the past five...
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Jan 10, 2013
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on the money menu, china sees trade soar in diagram. before you change the channel, understand that china's gain is a sign that things are picking up here in the united states. exports jumped 14% at the end of the year compared to 12 months ago. that's important because the economy has been slowing down for seven quarters likely because of malaise. i have been saying things are starting to look up for the u.s. economy in 2013 and a boost in imports is one of the indicators that tend to confirm the sentiment. the one thing that could ruin this is the battle on capitol hill. democrats and republicans resulted to tactics that cost the u.s. the iron clad credit rating. the economy suffered. president obama will want the tax revenue hikes to any spending cuts that republicans insist on. to do that they would have to tap into politically sensitive deductions and for perspective, the deducks and exclusions cost $1.1 trillion a year. most benefit individuals, especially those in the middle class. something you need to know as the debt ceiling d
on the money menu, china sees trade soar in diagram. before you change the channel, understand that china's gain is a sign that things are picking up here in the united states. exports jumped 14% at the end of the year compared to 12 months ago. that's important because the economy has been slowing down for seven quarters likely because of malaise. i have been saying things are starting to look up for the u.s. economy in 2013 and a boost in imports is one of the indicators that tend to confirm...
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Jan 10, 2013
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around 9:30, december 17th, 19-year-old jesus manuel garcia allegedly opened fire at the china guard restaurant. investigators say he was targeting his ex-girlfriend who worked there. police say when the employees fled, the shooter chased after them in the parks lot, firing at them. in the chaos, he also shot at a san antonio patrol car. after the officer shined a light on him. >> he was having a difficult time dealing with the breakup, and that is what may have set him off to come over here and commit this act. >> reporter: garcia then followed the restaurant employees into the movie theater next door. the gunman kept shooting as panicked movie-goers poured out the exit doors. >> could have died, you know? and i'm glad i have okay. and i have another day with my son. >> reporter: one of the fleeing patrons was wounded. but so many may have died, if not for the quick thinking of the off-duty sergeant. the sergeant happened to be working security at the theater and ran toward the sound of the shooting. when castianno spotted the suspect coming out of the bathroom with his gun drawn, s
around 9:30, december 17th, 19-year-old jesus manuel garcia allegedly opened fire at the china guard restaurant. investigators say he was targeting his ex-girlfriend who worked there. police say when the employees fled, the shooter chased after them in the parks lot, firing at them. in the chaos, he also shot at a san antonio patrol car. after the officer shined a light on him. >> he was having a difficult time dealing with the breakup, and that is what may have set him off to come over...
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Jan 10, 2013
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kissinger go to china. we had a treaty they thought we had had if they went to war. we pulled out of the region essentially after the soviets left afghanistan. i'm not an apoll gist for either side. i'm simply saying it's important that we understand pakistanis approach us with a lot of mistrust, a lot of concerns that we won't be a steadfast and equal partner and we have equally legitimate complaints about their perform man. i think what we've got to do is continue to engage -- i don't agree with disengaging and pulling away. it's a constant effort to try to build a trust-based relationship over time. >> general stan me mcchrystal's book is in bookstores. general stanley mcchrystal, thanks so much for joining us and thanks for your service to the united states. >> wolf, thank you for having me. >>> the government's new consumer protection bureau just laid down some new rules for getting a mortgage. you're going to find out what's changing, whether it will help or hurt your chances of buying a home. et? i've got two tickets to paradise! pack your bags, we'll leave to
kissinger go to china. we had a treaty they thought we had had if they went to war. we pulled out of the region essentially after the soviets left afghanistan. i'm not an apoll gist for either side. i'm simply saying it's important that we understand pakistanis approach us with a lot of mistrust, a lot of concerns that we won't be a steadfast and equal partner and we have equally legitimate complaints about their perform man. i think what we've got to do is continue to engage -- i don't agree...
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Jan 10, 2013
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stock futures higher after positive news out of china overnight. the european central bank has its first meeting of the new year today in frankfurt. here in the u.s. we'll get a fresh reading on the jobs market with the weekly jobless claims at 8:30. >>> new mortgage rules today to ebl end the risky lending that led to the housing collapse and make sure people have mortgages they can pay back. lenders must prove the borrower has money, has a job, has decent credit history and can afford the monthly payments. plus lenders have to improve the borrower can afford all the costs associated with the house like property taxes, any home equity loans and they can't saddle a homeowner with total debt more than 43% of their income. the new rules take effect january 21st but lenders have a full year to implement them. it's so interesting because no more teaser rates. they can still do these -- no more no doc loans. they can still do interest only loans but they have to prove the person can pay more than just the interest, can actually pay the principal back to
stock futures higher after positive news out of china overnight. the european central bank has its first meeting of the new year today in frankfurt. here in the u.s. we'll get a fresh reading on the jobs market with the weekly jobless claims at 8:30. >>> new mortgage rules today to ebl end the risky lending that led to the housing collapse and make sure people have mortgages they can pay back. lenders must prove the borrower has money, has a job, has decent credit history and can...